Alabama Home Loans - Home Equity, Refinance, and Mortgage Solutions

Alabama Home Loan, HELOC, Home Equity Loan and Refinance

Your all in one source for mortgages and home finance in the state of Alabama

Home Loans in the State of Alabama

Our state-focused team of home loan lenders and mortgage brokers in Alabama have endeavored to build and grow an impressive home finance network unlike any other. Our team strives to educate and connect borrowers to the most suitable home loan products and lenders that the Yellowhammer State has to offer.

Right now, Alabama home prices are especially low, with the median price of homes sold sitting at $139,600, almost $100,000 less than the U.S. median home sale price of $232,300. Currently, the priciest place to buy a home in Alabama is Hoover, with an average home listing price of $365,000 and an average home selling price of $263,000 -- each significantly higher than the statewide average. In comparison, in the state's largest city,, Birmingham, the median home listing price is an incredibly affordable $69,000, and, in the state's capital, Montgomery, the median home listing price is still relatively affordable, at $118,750.

At home.loans, we aim to share our vast knowledge of mortgages in the state of Alabama. Whether you're looking to purchase a new home, refinance your mortgage, get a USDA or FHA loan, or to take out a home equity loan or HELOC, we have the resources to educate and empower you on your journey to home ownership and financial freedom.

A rapidly growing name in the national home finance industry, Fairway Independent Mortgage Corporation is one of the best options for conventional, FHA, and VA financing across the country. Home buyers will agree that it’s actually pretty easy to find a Fairway location when its time to get a home loan. Beyond that, their customer service is well known to be top notch.

Fairway Independent Mortgage Corporation has stunning reviews from its client base over the years. One thing they seem to excel in is cutting down the closing costs that borrowers are expected to pay at the end of a mortgage transaction, as well as facilitating a faster closing.

Fairway may very well be the best option for first time home buyers on this list. Their attention to detail and completely transparent methodology is perfect for obtaining a mortgage loan at a great rate in a stress-free environment.

Best Alabama Mortgage Refinance Lender: Loan Depot

As large as Loan Depot has become since its inception, there is no surprise that it would make a list such as this one. Truly a powerhouse when it comes to home finance, Loan Depot is no stranger to refinancing conventional and government-insured mortgages for the borrowers who need them.

The loan officers under the employ of Loan Depot are highly knowledgeable and well-trained individuals. Their expertise is shown clearly in the speed and ease of the mortgage transactions they take part in, And their uncompromised goal of providing down to the decimal quotes that hold true through closing, leaving the borrower with no surprises.

Customer service is a big deal for the Loan Depot team, and they typically do not disappoint. Past clients have been stunned by the lower than expected rates and fees, combined with speedy closings.

Best Alabama FHA Mortgage Lender: Quicken Loans

Finding a mortgage online may have seemed sketchy at best a decade ago, but the amazing team over at Quicken loans has truly set the standard for the online mortgage experience. Quicken Loans (and it’s online division Rocket Mortgage) have made FHA financing as simple and straightforward as possible.

The online FHA loan process is highly geared towards a streamlined user experience. Progress on the status of an FHA loan application can be easily tracked online, and preapproval for an FHA loan can be completed in a matter of minutes.

The service even keeps applicants posted with any documentation they may have forgotten or still need to provide. The real icing on the cake comes from the support staff that can be reached by phone or through the website that is standing by to offer their advisory services and answer any questions a potential borrower may have.

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The United States Automobile Association was originally founded in San Antonio, Texas back in 1922 as a way for Army officers to secure affordable auto insurance, but has since evolved into one of the largest and most trusted banking and lending institutions in the country. The USAA is now a Fortune 500 giant, and the 100th largest corporation in the United States (by total revenue).

When it comes to home finance, there is no surprise that the USAA is one of the biggest VA home loan lenders in the entire country. As a company founded by soldiers almost a century ago, the commitment, respect, care, and dedication to serving the needs of the brave men and women who serve our country has never once wavered.

The USAA has employed expert loan officers who make it their duty to make sure that every loan product, particularly their VA loans, is the best possible mortgage solution for their clients. As a home buyer, there are hardly any lenders who come close to providing such excellent customer care while delivering a mortgage loan that has just the right terms and is still impressively affordable.

Best Alabama Home Equity Lender: U.S. Bank

With a history dating all the way back to 1863, U.S. Bank is the farthest thing from the new kid on the block. Its strong presence in today’s mortgage market as the country’s fifth largest bank is a testament to their deep commitment to providing affordable HELOCs and home equity loans with excellent service.

U.S. Bank offers both home equity loans as well as HELOCs. Their home equity loan offering is a fixed rate HEL with a term of up to 30 years, while their HELOC product has a variable interest rate coupled with a draw period of 10 years.

U.S. Bank is well known for its knowledgeable staff and expert loan officers. Chances are, no matter what a borrower’s financial situation may look like, they can come up with an affordable home equity solution.

Experience often trumps trendy advancements, and the face-to-face personalized mortgage services offered by U.S. Bank are a shining example of this. Home buyers never have to worry about a lack of communication or being rushed, and will be treated with the same respect and due diligence as their big-name clients.

Shop Around Before You Get an Alabama Home Loan

Our picks for the best mortgage lenders in Alabama may not necessarily represent the best lender for your financial situation, goals, and desires. Everyone’s story is unique, and sometimes the best mortgage terms can be found in the most obscure places. Regardless of experience or lack thereof, the best plan of action is to shop around with multiple lenders to find out which one can provide the ideal mortgage solution that comes with the terms and affordability that best suits any particular financial situation.

While looking at reviews can be a huge help, getting a one on one consultation could mean saving thousands. If you’d like some help in locating the best mortgage lender in your area, don't hesitate tocontact a home.loans mortgage expert!

Home.Loans, LLC is not a licensed mortgage broker or mortgage lender, and is solely an educational website. Home.Loans, LLC is not affiliated with any government agencies. These materials are not from VA, HUD or FHA, and were not approved by VA, HUD or FHA, or any other government agency. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Applying for a consultation is not an approval of credit and does not signify that underwriting requirements have been met. By entering your contact information, you are providing express written consent for Home.Loans, LLC to contact you at the email and number you provided via telephone, mobile device, automated means like autodialing, text SMS/MMS and pre-recorded messages, even if you are registered on a corporate, state, or federal Do Not Call list. You are also acknowledging and agreeing to our terms of service and privacy policy. Consent is not required to use our services.